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November 29, 2023, 05:21:42 AM |
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I have an account with gemini but didn't put any money into gemini earn even though it was advertising like 6% interest at the time. Now I then heard how genesis defaulted and because of that, anyone with money in gemini earn still hasn't received any of the money back correct? So when news of this happened, did people all try to withdraw but they couldn't withdraw? Or did people withdraw just for withdrawing and not because of knowing this news and then notice they wasn't getting their withdraw and then this news came out and that was the reason why?
I also heard it's been a long time since this happened and anyone with money in GUSD basically have the money frozen? However, they will eventually get their money back right from what I read? It's just waiting to see how long it would take? The other thing is they will get back all their money including the interest they earned until the day the genesis news broke out right? Or they only get back what they put in? So that means if someone put 10k in gemini for over a year and were to get back 10700 to make it simple, if they get their money back, would it be 10k or 10700? Obviously no way anyone would get back their original amount and the interest and whatever interest accumulated till now right?
Now are there any sites that pay interest similar to earn like this or not anymore? I remember there was blockfi, nexo and celsius but did those also pay back people or did they never paid back? Now gemini offered at least 6% I recalled and even more before then. But since you could get 5% interest these days in a CD in a bank, then there is zero point of putting money for interest for crypto correct? I remember they use to advertise like 11% or so for usdt or usdc with blockfi, nexo and celsius correct? Back then I remember people said gemini seemed to be the safest one but now they still haven't paid back anyone. But they will right?
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